This is called phoenixing. It's a grubby practice: https://en.wikipedia.org/wiki/Phoenix_company https://en.wikipedia.org/wiki/Phoenix_company https://www.gov

This is called phoenixing. It's a grubby practice: https://en.wikipedia.org/wiki/Phoenix_company https://en.wikipedia.org/wiki/Phoenix_company https://www.gov.uk/government/publications/phoenix-companies-and-the-role-of-the-insolvency-service/phoenix-companies-and-the-role-of-the-insolvency-service https://www.gov.uk/government/publications/phoenix-companies... https://www.theguardian.com/australia-news/2020/sep/25/phoenixing-how-unscrupulous-dealers-rise-debt-free-from-the-ashes-of-failed-companies https://www.theguardian.com/australia-news/2020/sep/25/phoen...